NEWSLETTER-2020-metin

439 MISCELLANEOUS companies may either make their own LNG or CNG facility invest- ments, or may carry out these activities through service procurement. However, distribution companies will not be able to directly sell LNG and CNG. The transmission and distribution networks may be fed by LNG and CNG in urgent circumstances or force majeure situations. The license holders performing LNG and CNG operations will be in charge of meeting the demands of transmission and distribution net- works in emergency circumstances or force majeure situations. Major Amendments Regarding Renewable Energy Amendments Regarding YEKDEM Law No. 7257 has introduced comprehensive amendments to the Law on the Utilization of Renewable Energy Resources for the Purpose of Generating Electrical Energy numbered 5346. Primarily, the prices determined on List numbered I for the generation license holders who will start operations by 31.12.2020, or which have started operations prior to this date, and which are subject to the Renewable Energy Resources Support Mechanism (“YEKDEM”), will apply for ten years. For the generation facilities that will start operations after 31.12.2020, and which hold the Renewable Energy Resources Document (“YEK Certificate”), the applicable prices and periods will be determined by the President, provided that they do not exceed the prices determined in the List. Additionally, YEKDEM, which was previously applied over the United States Dollar, will be applied in Turkish Liras for the energy generation facilities that will be placed into operation after 30.06.2021. The licensed electricity generation facilities that are in operation and would like to be subject to YEKDEM for the following year shall re- ceive a YEK Certificate and apply to the Energy Market Regulatory Authority (“EMRA”) by the date designated by the EMRA. While the generation license holders who seek to benefit from YEKDEM should have applied to the EMRA no later than 31 October of the previous year, the new regulations suggest that applications will be made on a date designated by the EMRA.